---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-22-000043"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T06:08:07.094751+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ITW Q2 revenue $4.0B, organic +10%; GAAP EPS $2.37; maintains FY2022 guidance $9.00-$9.40 EPS

## Summary
- Revenue of $4.0B, organic growth 10%; six of seven segments positive led by Food Equipment +25%, Welding +22%.
- GAAP EPS $2.37 including $(0.15) from FX and higher restructuring; prior-year $2.45 included $0.35 tax benefit.
- Operating margin 23.1%; adjusted 24.1% excluding MTS and restructuring; price/cost dilution moderated to (160) bps from (250) bps.
- Operating cash flow $501M; free cash flow $420M (57% conversion). Maintains FY guidance: organic growth 7-10%, EPS $9.00-$9.40.
- Tax rate 18.3% reported; effective 23.9% ex one-time benefit. On pace to repurchase $1.5B shares in 2022.

## SEC filing metadata
- accession: 0000049826-22-000043
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49826/000004982622000043/0000049826-22-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982622000043/itw-20220802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-22-000043
- JSON: https://secwatch.observer/filing/0000049826-22-000043.json
- Plain text: https://secwatch.observer/filing/0000049826-22-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.